Given the following data, fill in the table below using the three cost flow assumptions given. That is, indicate the COST of ending inventory that will appear on the Balance Sheet and the COST of goods sold that will appear on the Income Statement, using the three cost flow assumptions given.

Date	Units	Cost per unit	Total cost
1/1 beginning inventory	40	$10	$400
1/10 purchase of inventory	20	$20	$400
1/15 purchase of inventory	20	$22	$440
Available for sale	80		$1,240
Ending inventory	20

	FIFO	LIFO	Average Cost
Cost of Ending Inventory
Cost of Goods Sold